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It’s quite simple. Every check you print and mail to your suppliers is costing your company nearly $2.40 more than if your company were making the same payment electronically. Do the math – if your company initiates even 2,000 checks per month, you’re wasting almost $50,000 per year. If you do 10,000 checks, you’re wasting $240,000 per year on an activity that delivers no value to your organization.